A mundane contractual provision met with rampant corruption — revealing a serious vulnerability in one of the backbones of international commerce.
Tag: Oil (Petroleum) and Gasoline
Bank of America Pledged to Stop Financing Coal. Now It’s Backtracking.
The changes come as Republican lawmakers step up efforts to punish businesses that consider climate change and the environment in their operations.
U.N. Climate Chief Warns Countries Against ‘Hiding Behind Loopholes’
Simon Stiell used a speech in Azerbaijan to set expectations for global climate negotiations there this year.
Barricaded Highways and a Deadly Incident as French Farmers Rise Up
The far right is intent on exploiting the spread of anger across Europe in an agricultural sector that feels alienated.
Ukraine Targets Russian Oil Plants, Aiming to Disrupt Military Operations
Kyiv hit an oil depot on Friday, the latest in recent attacks on such facilities as it seeks to inflict damage away from the largely deadlocked front line.
Iranian Navy Says It Seized an Oil Tanker Off the Coast of Oman
The same vessel was involved last year in the U.S. government seizure of Iranian oil that was being transported in violation of American sanctions.
Red Sea Shipping Halt Is Latest Risk to Global Economy
Next year could see increasing volatility as persistent military conflicts and economic uncertainty influence voting in national elections across the globe.
A Cold War Era Dispute Between Venezuela and Guyana Complicates U.S. Relations
Venezuela’s territorial claim has been made against leftists and by leftists. It’s been about colonialism, nationalism, Cold War and oil, and it’s complicating U.S. foreign policy.
G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion
The Treasury Department announced new sanctions on oil shippers and traders that have been helping Russia circumvent price restrictions.
BP Pauses Oil Shipments Through Red Sea Amid Fears of Attacks
Global energy prices jumped as tensions escalated around the vital shipping route, where drone and missile assaults have prompted some companies to halt sending cargos.